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in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appears there would be no house republicans to help hammer out a deal. the gop leadership has not yet called their members back to d.c. and will not be in session tomorrow for legislative business. according to one gop aide, they felt it's up to the democrats to act now. so the christmas spirit has not softened actions. but what has softened? customer confidence. in the last week gallup found the drop in the likelihood congress will come to a deal. also holiday spending hit its lowest rate since the 2008 recession. while the president said before he left for hawaii that he said he hoped the holiday would give them a chance to cool off and reach an agreement, it appears repub
in washington are calling for more gun controls, the nra wants to fight fire with fire in schools or maybe it's just the deterrent factor that they're hoping for. cnn national correspondent susan candiotti joining me from new york. is that the message that most people expected or wanted to hear from the nra? >> you know, everyone agrees that something needs to change, the question is, of course, is this the moment. armed guards in every school? we're getting different reactions to that. for example, in newtown, connecticut, where the community is still reeling after a shooter blasted his way into sandy hook elementary school and systematically gunned down 20 children and six adults, people are asking is this what we want to do now, put armed guards in every school? here's a sample of opinion in newtown. >> i'm very torn at this point. i'm not happy with the nra. i am not happy with the nra, and i am a gun owner myself. there's just no reason for automatic weapons out there in the public. and clips that discharge so many rounds of ammunition. >> i have many guns. but i don't have a third round
with a grand bargain. they're just trying to get something done and fast. president obama back in washington, but can he lead both parties to a compromise fiscal cliff work-around? republicans say democrats have been dragging their feet for months and they won't be pressured into what they considered a bad deal that doesn't help balance the nation's books. >> the president calls congressional leaders to the white house, it's political theater or they have a deal. my bet is it's theater. >> reporter: speaker john boehner hasn't been able to get them to budge on a deal to raise taxes and the name calling is getting ugly. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> reporter: and it's true the senate controlled by democrats is working this week, but they're not working on the fiscal cliff. and the house won't even be back to work until sunday, just two days before the ye
. is washington ready for a fight over guns that no one thought would happen? >>> blast from the past. find out what michael dukakis has to say about the idea of being a u.s. senator once john kerry becomes officially the next secretary of state. being a little bit coy. could he run? here comes the new. >>> good morning from washington. it is wednesday, december 19th, 2012. this is the. i'm chuck todd. >>> today could be the day the two sides come together for a big deficit reduction deal or we could be 24 hours from it totally falling apart. that seems like telling you everything and nothing at the same time. but there's something to this. follow me here. the president and speaker boehner have really never been closer to a deal. they both made major concessions over the last i'd say 72 hours. the nation still mourning the tragedy in connecticut. both sides have admitted that the tone of the talks have changed. >> an event like that, as tragic as it is, brings us a little closer together. >> i continue to have hope that we can reach an agreement. it's not a time to put americans through more st
's it for the 6:00 hour. we'll be right back. >> straight ahead at 7:00, a historic night for the washington redskins. >> end a five year drought. we'll have live team coverage coming up. >> just hours to go so can congress find a way around the fiscal cliff? i'm doug luzader in washington. more on that coming up. >> a new year and a new karsashian. the surprising announcement on kim and kanye with how they went public with the big news. fox 5 morning news starts right now. >> this is fox 5 morning news. >> good monday morning to you. it is december 31st , 2012 new year's eve. this is a live look outside right now. hustling and bustling the closer we get. the crowds are coming. good morning to you again. i'm wisdom martin. >> and i'm sarah simmons. let's say hello to tucker barnes barnes. the wind is out and the cold is here to stay. >> cold moved in overnight. yesterday was a chilly day. much colder overnight with temperatures in the 20s. we're now at 30 here in washington. won't be a terrible afternoon. got a lot of clouds moving in from the west. right now at reagan national i mentioned t
washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very good morning to you. i'm veronica de la cruz. one solution being heard more and more about solving the nation's financial showdown could be actually allowing the deadline to pass and letting america go over the fiscal cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to blo
, washington. >> one of the biggest political moments playing out right now at the white house. let's go live there to the white house you november and show you what is going on. there it is. the president has made a proposal. it says if they don't have a counter proposal, the president is asking for an up or down vote in the house and the senate. picking it up from here, candy crowley will be doing "the situation room". thanks for watching. now to candy. >>> happening now, new details of the meeting between president obama and congressional leaders for what could be a last-ditch effort to avoid the fiscal cliff. >>> families in the making ripped apart. russia officially bans the adoption of russian children by americans. >>> and for the second time in a month, a man pushed to his death from a new york city subway platform in the path of an oncoming train. wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> all eyes on that white house this hour. and the meeting that may be the last best chance to keep the country from going over the fiscal cliff. right now, the leader
with george washington. barnicle did it. and you can tell. >> he was a good guy. >> and john adams, barnicle wrote a couple columns about him back in the day. >> and his son. i knew his son when his son was in day care. >> john w. adams. yeah. but i think it's his renaissance question. and then i think also he representeds the best of us and the worst of us. and i think people, when we're being honest with ourselves, we all know we have our hypocrisies, and we have our contradictions. and the fact that someone who had such evident contradictions is still worth paying attention to i think resonates. >> and there's some contention over the weekend about how great a man thomas jefferson is. we're going to talk about that a little bit later. >>> but we've got big news this morning. four weeks from today is new year's eve when the fiscal cliff comes. lawmakers now have less than a month to compromise and to avoid a year-end deadline that would trigger massive spending cuts and tax hikes for just about everybody. behind-the-scenes negotiations at a stalemate. both sides went public yesterday on th
until the fiscal cliff. president obama catching a flight back to washington where there's doubt that a deal can get done in time. good morning, everybody, for a thursday morning. very early, 5:00 a.m. on the east coast. welcome to "early start." i'm alina cho. >> i'm drew griffin. john and zoraida are off today. it's 5:00 a.m. in the east. a deadly winter storm system slamming the northeast after hammering the nation's heartland. look at this radar, system serious snowmaker. it's packing destructive winds, six states under winter storm warnings right now. pennsylvania, new york, massachusetts, new hampshire, vermont and maine. all could see a foot of snow or more. more than 200,000 customers spanning several states already without power. 1,700 plus flights canceled yesterday. imagine that. hundreds more already taken off the board this morning. there are six deaths being blamed on the weather since tuesday and the threat hasn't passed yesterday. bonnie schneider, meteorologist checking the system from the cnn center in atlanta. first, we go to ennis standing by in miserable, sno
, cnn, washington. >> and i'm allison kosic. "cnn newsroom" continues now with martin savidge. don't go anywhere. >> thank you very much. >>> welcome to the cnn "newsroom." i'm martin savidge in for fredricka whitfield. here are the top stories we are following right now. >>> that fiscal cliff. we are at the very edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of th
, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax
. right now we're doing very well in the state of washington. north dakota. excellent, now in nevada. and our people are in the right places and doing the things to become a delegate. it's way too soon to write anybody off. just because somebody is in second or third place, there's a race going on. what if mitt romney isn't the best person? >> people have tried to portray you as a kind of ruthless money machine who some failed, some succeeded, you didn't care, you still got your fee, or you made a ton of money but actually quite a few of the companies that failed, a lot of people lost their jobs, their livelihoods and lost money. to me the key question is do you know instinctively from your recollections how many of those companies that you went into would have failed anyway if you hadn't? >> well, there's no question but that a number of places where we went in and invested, we were investing in an enterprise that was in trouble, that -- where the future was very much in doubt for it and we invested in one busy think it lost 50 or $60 or more million the year before we invested and
a weekend arrest in washington, d.c. suburb over the weekend. idaho republican who has said he does not drink because of his mormon faith had a blood alcohol content of .11%. he issued apology accepting total responsibility for ips dent. in newtown, connecticut, a resident told reporters christmas will never be the same for the families who lost children and loved ones in the december 14 massacre. correspondent molly henneberg reports both sides of gun debate trying to develop a plan to keep the nation's chirp safe. >> the national rifle association may support plan to put armed officers at the nation's school bus lawmakers are less than enthusiastic about the idea, especially the democrats. dianne feinstein who is expected to introduce gun control legislation in january, called the nra idea "distraction." others suggest it might have the opposite effect on lawmakers. >> well, i think he is so extreme a tone deaf he actually helps the cause of us passing sensible gun legislation in the congress. >> we have 130,000 elementary school and secondary schools in this country. if you had t
discussions in washington. it could alter the tax exempt status of securities. and in corporate news, $1.1 billion to settle a u.s. class action over claims that millions of its vehicles accelerate unintentionally. the proposed settlement will compensate customers for economic losses related to possible defects in toyota vehicles. it covers most of the litigation involving unintended acceleration. so it does not cover claims for wrongful death or injuries. >> what a racket, though. >> the torque. plaintiff lawyers. $1.1 billion. >> do the math. >> that will always be -- >> and the plaintiffs get a third. is that how this works usually? >> that will always be a great business. won't it? it will always be a great business when you have someone like toyota. i don't know what happened with those. toyota tried to claim it was like use error. >> and then people said it was the mat. >> i don't know what finally came of it, but it was -- >> they never really said. >> no, but it was $1.1 billion, with a "b." >> nobody knows that it was, but you asked for it and you got it. >> yeah, yeah, yeah. an
earthquake the market will think something is going to happen in early january this is the way washington works, they walk right up to the edge of the deal, maybe even past the edge of the deal and then something happens. i still think the market believes there will be a deal, but it is a deal that might happen on january 14th. so, i don't think december 31st is a real deadline, in the mark it's mind. >> steve, tell us, what are the things that can happen that will sort of rouse the market here, move the market up or down ire way? >> well, first of all, i think the tendency for the market right now is to go higher because you have zero interest rates and zero interest rates act as a tremendous stock market flotation device. opposing investments are, you know, yielding essentially nothing at this point, so stocks become very attractive. but i still think the big story and the stories that most traders will be watching is the fiscal cliff so that's story number one. an interesting thing happened yesterday and that's the price of oil traded to an all-time high going back to october, not an a
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: you are looking live at washington d.c. in the capitol, believe it or not law makers hoping to avoid the fiscal cliff are making progress. aides said they were closer to cutting a deal. but one thing that will not click is tax hikes. how much would they be and who will would have to pay them when it come to revenue. joining us is saradoga springs, utah mayor mya love. he wanted tax increases and would now settle for 1.2 trillion and impact $400,000 or more. and sounds like he squished a bit on it and what do you think about the supposed deal? >> it is not much movement from the president's side. in if you are going for $250,000 to $400,000 that is not much. young came out with a report saying if you tax the top two brackets that will cost you 700,000 jobs. these are janitors going in and having their manager say i am sorry wecan't afford you any longer and these people are working pay check to pay check. they need mon tow feed their family. >> gretchen: - >> steve: the president wanted a two year debt limit. and that was the republicans leverage. it seems like the republicans are get
this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. we expect that house republicans will keep putting pressure on the white house to engage, push for more details on what the white house will accept when it comes to additional entitlement cuts. but i think what's unclear is what kind of negotiating is going on behind the scenes. the white house saying that conversations continue, but house gop aides telling me that there are no conversations as of late yesterday, no emalts being exchanged, no phone calls. so it's unclear how they can move the ball forward, if there are no real conversations taking place. there's also another problem for republicans. they're not on the same page. you have that proposal put forward by speaker john boehner that calls for $800 billion in new tax revenue, but some conservatives think that republ
together to fin common ground. not grounds, ground. >> all of the bickering in washington, all it will take is a cup at starbucks, i think it will push everybody over the edge. get a deal. >>> ahead, a u.s. marine who languished in a mexican prison for months, gets to spend the holidays at home with his family. >>> coming up, we'll talk to one of the lawmaker who's helped win his release. you're watching "starting point." ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] no
with our xaernt washington correspondents. good morning, john. were you up all night? >> not all night, but we stayed on, of course, until 9:00 after it was clear that the house alternative had collapsed. but, joe, i was listening to your conversation earlier. this is not about the far left and the far right. this is about the republican party not being able to get its act together and figuring out and strategy and pursuing a strategy. >> i watched the press conference yesterday. all the reporterses, all the mainstream media reporters were saying, mr. boehner, why are you going through this exercise? this is an exercise in futility. why are you doing this? why even hold the vote? and then he can't do it and now all of you are going, see, see, you can't even do it. >> but it does raise questions about what this means for -- >> joe, it's not about the mainstream media. it's about the inability of this republican party to face the -- face political reality. the president was re-elected. his positions are much more popular where the country than theirs. they are locked into a caucus in the
for him to return to washington. >> reporter: definitely. we expect that he will be heading back to washington, d.c. he was supposed to be here through the new year. i will tell you nothing is official on the schedule that he's definitely going back to d.c., but the sense you get from the white house is that it's more an issue of when and not if. if there is a bill that goes through the senate, the president will have to be there in order to perhaps twist some arms and certainly the optics are important. if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild christmas in some places. this is stevens pass, washington. a stretch of highway he 2 was impassable because of heavy snow and wind
. maybe sequestration is going to happen so for that let's go to washington. >> juliet: all right. tick-tock, tick-tock, time is almost up for lawmakers as we say to avert the fiscal cliff. they worked throughout the weekend in hopes of hammering out some sort of deal. >> dave: peter doocy is live in washington and we hustle you over to the capitol. and what is the latest, do you think we'll get something done? >> reporter: dave, we were told late in the evening that legislative staff was going to work through the night, but the only principal we heard from was mitch mcconnell who said he and his democratic counterparts have been trading paper all day saturday, but the only big news, mcconnell cared to share with us, in the state he represents, kentucky, louisville beat the university of kentucky by three and meanwhile, the officially republican weekly address features another republican senator explaining once again why a deal before monday night's deadline is so important. >> at a time when our federal debt's topped 16 trillion dollars, it's been more than three years since the senate
, chief political correspondent for the "washington examiner". good morning to you. so many questions remain. first off why did they make this move now? >> because time was running out and the administration, i think, hoped that opposition among republicans in the senate to rice would diminish but it didn't. the thing that really killed it, they understood, john mccain, lindsey graham, kelly ayotte opposed her. the thing that killed it when she met susan collins who introduced her at her confirmation hearing and been a rise supporter and said there were serious questions about the nomination. at that point the handwriting was on the wall. bill: she is considered a moderate, if you have a good chance of getting through that would be the sign you have a chance but what graham just said, she was the most politically compliant person they could find, that's loaded. >> well i mean this goes back to what she said in the aftermath of those benghazi attacks when she said it wasn't a terrorist act. it was the result of spontaneous protests against that islamic video. we know that susan rice wa
inland. washington lawmakers are groping to find a compromise to avoid the fiscal cliff deadline january 1. president obama said there was time for agreement. senate leaders could present legislation for a vote later today or on monday and prosecutors in new york city say the second subway murder was a hate crime. police arrested and charged erica menendez, accused of pushing sundano sen in front of a seven-car train in queens on thursday. she said she told authorities she hated muslims since the 9/11 attacks and thought the victim was muslim. in howard county, authorities have cracked a string of burglaries. >> the alleged victim is concerned the man she accuses of burglarizing her home will be on the streets again. this woman who asked us to conceal her identity lives in fear after coming face to face with a burglar at her howard county home. >> he knows who i am. >> police arrested kenneth vollmerhausen and charged him with multiple counts of burglary and theft. he was arrested in connection with the robbery at this home on december 21 in ellicott city, a day this woman won't forget.
to that. let's turn to paul steinhauser in washington, d.c., this morning. it seems that everybody is digging in their heels at this point. do you see any hope on the horizon? we have 12 days. >> reporter: at least publicly both the president and house speaker john boehner are talking very tough. behind the scenes we're not sure what is happening. yesterday the president came before cameras and talked about the fiscal cliff after making an announcement on gun control. two hours layer, the house speaker went in front of cameras and talked for 56 seconds before quickly taking off. here's what both men said. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> at some point they have got to take me out of it and think about their voters. and think about what's best for the country. and if they do that, if they're not worried about
, it's a rain maker for new york, philadelphia and washington, but then that moves out by tomorrow afternoon. >> just so i make it home to see mom. >> you'll get there. >> i hope so. thanks, alexandra. >>> two state department officials employees of hillary clinton are testifying right now before the house and senate committees after that blistering report on exactly what went wrong in benghazi, the committee headed by thomas pickering and admiral mike mullen. admiral mullen had this to say. >> while we did not find that any individual u.s. government employee engaged in willful misconduct or knowingly ignored his or her responsibilities, we did conclude that certain state department bureau level senior officials in critical positions of authority and responsibility in washington demonstrated a lack of leadership and management ability appropriate for senior ranks in their responses to security concerns posed by the special mission. >> a total of four senior state department officials have either resigned or placed on administrative leave in the wake of this report but what about s
shootings, but i have a list here since 1996 where it started in moses lake, washingtons only went back to 1996. >> dave: before columbine. >> alisyn: and ten school shootings happened before columbine, and rough count 59 in the united states. we have the preponderance of school violence and school shootings though they do crop up in other places. at some point soon, we all need to, as a country, have a real dialog as adults, an open dialog, everybody who has a discussion and needs to be able to talk about it. >> dave: everything on the table. from the depths of tragedy, one teacher hid her students and ended up losing her own life. her incredible story is next. ♪ ...and this, dancing in their heads... ...we have these. home depot gift cards. give the gift of doing, in-store or online. maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're prot
and republicans to get back to washington and have it pass both chambers, and i will immediately sign that legislation into law before january 1st of next year. >> reporter: but americans say the uncertainty in washington is casting a cloud over their holidays. >> they are responsible for the well-being of all americans, and right now they're more woern wored about politics. >> i would tell them to get off their butts, because most of us aren't making six-figure incomes and we need every single dime that we have. >> reporter: now, if we go over the fiscal cliff, taxes will increase for most americans. lawmakers will return to washington later this week to resume negotiations. president obama is also expected to cut his vacation short. willie, back to you. >> kristen welker in honolulu this morning. thanks. >>> john harwood is the chief washington correspondent and writing for "the new york times." good morning. >> merry christmas, willie. >> merry christmas to you. eight days until the fiscal cliff arrives and by the time congress gets back it's four or five days. is there any he hope
out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange. thursday morning, i will say it again, dead flat for the dow jones industrial average. and we have dead flat, the rate on 30 year mortgages from freddie mac actually it's down a tad, 3.32%. how's that for a 30 year? i've been saying this for weeks now, who would have thought. here's another number for you, the u.s. government spent 172 billion dollars more than it took in, during november alone. that means we're very likely headed for another trillion dollars annual deficit. that would be the fifth straight. the national debt, 16.37 trillion dollars. president obama apparently not concerned. he wants more spending. now, look at this. new poll from fox news, the que
, congress left the capital with no deal in sight. jon karl is in washington. they needed to get it done before new year's to see this thing get done. has the time to have that happen already passed? >> well, it's getting -- there's not much hope out there. i gotta tell you. just over a week left, josh. and the speaker of the house and the president did not even speak over the weekend. the last time they had a conversation was a brief phone conversation on friday. no signs of progress on anything since then. there wasn't much before, as you know. now the white house is looking at a fallback plan. just a stop-gap bill they're hoping congress would do that would delay the tax increases on people making over $250,000 from going into effect. it would extend unemployment benefits and delay spending cuts going into effect on january 1st. even accomplishing that will be difficult. congress comes back two days after christmas. that gives them four dice come to an agreement and pass something. not an easy task. >> so we know what it means for the average men. what happens in washington if we go o
% according to a new politi politico/george washington university poll believes the top should have an increase in taxes. fighting the public and appear to be ideological doesn't seem to work. certainly didn't in terms of knocking president obama off. >> one thing that also didn't work in 2011 was the president ab do kating the role to nancy pelosi and harry reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive. sort of a bigger deal and the president sort of balked at the agreement. seemed to be putting in to place with boehner and then boehner walked away, as well, and the whole thing fell apart. i think you have seen an acknowledgment. if the president
in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the same in either one. that's not -- what reid and i guess pelosi, you saw that, said she opposes the million-dol
hood in washington. the group got lost while hiking to a cabin, but managed to get a 911 call in. bad weather slowed down the rescue, so they had to spend the night in a hollow tree. search crews found them the next day and brought them home safely. >>> remembering this historiryic cop who jumped in to freezing water to save a drowning woman. now the city of boston is honoring officer ed norton with the commendation for this courage. unfortunately, the cold water rescue landed him in hot water at home. he lost his wedding ring in the water. oh, oh clayton? >> clayton: thanks. what better way to end your holiday meal than with a decadent dessert. wash it down with a delicious cocktail. we're back with runner up on the season of "the next iron chef" that ended two days ago. amanda is here. has it set in yet? >> not yet. i still feel like a winner. >> clayton: you are. congratulations. >> thank you. >> clayton: we cooked why stuff earlier. now dessert and a chocolate mousse. looking here, it doesn't look like it takes a lot to make a dessert like this. >> chocolate mousse can be made so
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